FX markets reacted quickly to reports that Italy was seeking a cut to their 2021 deficit/GDP ratio to 2.0% from 2.4%. EUR immediately caught a bid as the reports signal a potential compromise from Italy. The EUR/USD spiked higher by 82 pips and USD index fell to session lows.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1500 (1.5 BLN), 1.1525-30 (0.424 BLN), 1.1635-50 (1.3 BLN).
Well it seems the EUR/USD is getting ready for an upward correction, I see it running up to 1.1650. I am searching for a long entry today.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1500 (1.5 BLN), 1.1525-30 (0.424 BLN), 1.1635-50 (1.3 BLN).
Well it seems the EUR/USD is getting ready for an upward correction, I see it running up to 1.1650. I am searching for a long entry today.